Philadelphia, US –
Newsfile Corp. – January 12, 2023 – It is alleged that Silvergate Capital Corporation (NYSE: SI) and its officers failed to disclose that Silvergate’s platform lacked basic controls to detect money laundering and that as a result certain Silvergate customers were able to engage in money laundering in amounts exceeding $425 million, exposing Silvergate to regulatory scrutiny and damages.
Current Silvergate shareholders who have continuously held shares since at least November 9, 2021, can seek corporate reforms, the return of funds spent defending litigation back to the company, and a court approved incentive award, at no cost to them.
If you would like to learn more about this matter at no cost to you, visit
https://grabarlaw.com/the-latest/silvergate-shareholder-investigation/, contact us at
[email protected], or call 267-507-6085.
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Joshua H. Grabar, Esq.
Grabar Law Office
One Liberty Place
1650 Market Street, Suite 3600
Philadelphia, PA 19103
The issuer is solely responsible for the content of this announcement.